(Bloomberg) -- The dollar extended its loss versus
the yen after a report showed durable goods orders in the U.S.
declined last month more than economists had forecast.
Japan's yen earlier gained the most against the dollar in 10
weeks as investors pared holdings of emerging-market bonds and
stocks funded by loans in the Japanese currency. Signs of
weakness regarding demand for business equipment in the U.S. may
increase speculation of a cut in borrowing costs by the Federal
Reserve later this year to spur growth.
Read more at Bloomberg Currencies News
the yen after a report showed durable goods orders in the U.S.
declined last month more than economists had forecast.
Japan's yen earlier gained the most against the dollar in 10
weeks as investors pared holdings of emerging-market bonds and
stocks funded by loans in the Japanese currency. Signs of
weakness regarding demand for business equipment in the U.S. may
increase speculation of a cut in borrowing costs by the Federal
Reserve later this year to spur growth.
Read more at Bloomberg Currencies News
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